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UK WINNERS & LOSERS SUMMARY: Concepta Rises On Covid-19 Test Kit

Wed, 02nd Dec 2020 10:48

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.

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FTSE 100 - WINNERS

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Fresnillo, up 2.4%. The Mexican gold miner was tracking the price of the precious metal higher, quoted at USD1,824.28 Wednesday morning from USD1,811.03 late Tuesday.

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FTSE 100 - LOSERS

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J Sainsbury, down 3.9% and Wm Morrison Supermarkets, down 1.8%. Rival supermarket chain Tesco, down 1.6%, said it will repay GBP585 million of business rates relief received from the UK government as a result of the Covid-19 pandemic. "The decision by Tesco to pay back business rates relief represents a significant U-turn and will crank up the pressure on its supermarket rivals to follow suit," said AJ Bell's Russ Mould.

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FTSE 250 - WINNERS

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G4S, up 7.7% at 246.53 pence. Garda World Security declared an increased and final cash offer of 235 pence per share for G4S, valuing the London-listed security services firm at GBP3.68 billion. G4S, in its own statement on Wednesday, said it is currently evaluating the revised offer and advised shareholders to take no action in the meantime. In September, the board of the FTSE 250-listed firm rejected Montreal-based GardaWorld's cash offer, saying it undervalued the company. However, in October, GardaWorld directly approached G4S shareholders with that same GBP3 billion offer. And in November, the directors of G4S rejected a GBP3.25 billion bid from Allied Universal, again stating that it undervalued the business. The "at least" 210p per share bid did, however, give Allied Universal the edge over Canadian rival GardaWorld, whose bid had been 190p. G4S on Wednesday said it continues to be in discussions with Allied Universal, though noted tat there can be no certainty that any firm offer will be made.

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FTSE 250 - LOSERS

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IWG, down 6.9%. The office workspace provider announced the launch of an offering of approximately GBP300 million in bonds. The convertible bonds due 2027 will be issued by wholly owned subsidiary IWG Group Holdings Sarl and will carry a coupon of between 0.50% and 1.25% per annum, payable semi-annually in arrears in equal instalments. The initial conversion price is expected to be set at a premium of between 35% and 40% above the volume weighted average price of an IWG share on the London Stock Exchange between launch and pricing of the offering Wednesday.

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OTHER MAIN MARKET AND AIM - WINNERS

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Concepta, up 36%. The healthcare company and fertility tracking firm has launched a Covid-19 genomic testing kit, and the myLotus pregnancy test maker also outlined plans for a name change. Concepta launched a DNA testing service under the MyHealthChecked brand, in the wake of Concepta's acquisition of Genome Store, announced in November. Concepta parted with an initial GBP280,000 to buy the home-use genetic testing company, plus a deferred consideration of up to GBP240,000. The company said the test will be a "COVID-19 lab-based PCR test". "The MyHealthChecked Covid-19 testing service will use the Clarigene SARS-CoV-2 test supplied by Yourgene Health PLC and the PrimeStore MTM sample collection device supplied by EKF Diagnostic Holdings," Concepta added. "The MyHealthChecked testing service allows samples to be quickly and conveniently taken at home using simple nasal collection swabs which are then sent via free postage for processing using established laboratory-based DNA and RNA detection methods." In changes that will take effect in "due course" Concepta said its name will change to MyHealthChecked.

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Ethernity Networks, up 26%. The Israel-based networking and security solutions provider reported continued momentum in the second half of its financial year with its eyes set on further marketing of its 5G products. Ethernity said revenue for 2020, based on both signed contracts and customer forecasts received from existing licensing contracts is expected to be in line with market expectations. Market expectations are set at USD2.0 million, up from last year's reported USD1.3 million. With regards to the 5G business, Ethernity Networks has continued to test and develop its product both with original equipment manufacturers and end-users including national telecoms operators. The initial testing phases have "progressed well", the company said.

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Osirium Technologies, up 17%. The cybersecurity firm said it has won a significant contract for its privileged access management technology with a "major" UK telephone, broadband and mobile services provider. The unnamed new customer has purchased an initial 36 month term enterprise license for the British cloud-based cybersecurity software vendor's PAM platform, which will include the privileged access management, privileged task management and privileged session management modules, as well as consultancy and training from Osirium Professional Services. Additionally, Osirium said its PAM platform has been selected in a competitive bid against a range of other PAM vendors as part of a sales initiative led jointly by Osirium and Infradata, which is a provider of cyber security and cloud networking solutions and services, and is an approved Osirium reseller partner. Looking ahead, Osirium now anticipates bookings being ahead of current market expectations for trading in the year to December 31.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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30 Oct 2023 13:53

IN BRIEF: Osirium Technologies shares suspended as takeover completes

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Shares are suspended from trading on AIM on Monday, as takeover by SailPoint Technologies UK Ltd becomes effective. At the end of August, Osirium agreed to an offer from SailPoint of 2.35 pence per share in cash. This valued Osirium's shares at GBP3.1 million and gave the company an enterprise value, including debt, of GBP6.6 million. Osirium shareholders approved the deal earlier this month. Shares will be cancelled from AIM on Tuesday.

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5 Oct 2023 15:47

UK shareholder meetings calendar - next 7 days

Friday 6 October 
Caracal Gold PLCGM re capital raise
ECR Minerals PLCGM re approval of subscription
Pendragon PLCGM re UK Motor and PVM sale
Monday 9 October 
JD Sports Fashion PLCGM re buy of Iberian Sports Retail
Henderson Diversified Income Trust PLCAGM
Pires Investments PLCAGM
Tuesday 10 October 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
Atlantis Japan Growth Fund LtdEGM re approval and authorise implementation of Scheme by Liquidators
Blackfinch Spring VCT PLCGM re capital raise
Glantus Holdings PLCCourt Meeting re takeover by Basware OY
Tungsten West PLCAGM
Wednesday 11 October 
Litigation Capital Management LtdAGM
Pollen Street PLCCourt Meeting and GM re new holding company
Thursday 12 October 
Osirium Technologies PLCCourt Meeting and GM re cash acquisition by SailPoint Technologies
PetroNeft Resources PLCEGM re disposal of Russian business and assets
Sutton Harbour Group PLCGM re purchase of a second apartment in the Harbour Arch Quay
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Sep 2023 20:02

Osirium Technologies revenue rises; targets new contract wins

(Alliance News) - Osirium Technologies PLC on Thursday said revenue increased as its loss narrowed in the first half of 2023.

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30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

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30 Aug 2023 12:27

Osirium agrees to takeover by SailPoint Technologies after challenges

(Alliance News) - SailPoint Technologies UK Ltd on Wednesday said that it has agreed to takeover Osirium Technologies PLC for 2.35 pence per share.

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18 Jul 2023 15:24

IN BRIEF: Osirium eyes raising further capital before year-end

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Reports annual recurring revenue has increased 34% to GBP2.2 million over the 12 months to June 30 from GBP1.6 million the year prior. ARR is up 20% from GBP1.8 million since the start of 2023. Bookings for the six months ended June 30 are expected at GBP1.22 million, up from GBP1.18 million the year prior. Revenue in the six-month period is expected to be no less than GBP1.1 million, up from GBP900,000 the year prior. Says ARR growth was driven by new customer wins and a high rate of renewals. Notes a strong start to the second half of the year, with a "healthy" pipeline underlined by a "growing pool" of prospective new customers as well as expected customer renewals and contract expansions.

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9 May 2023 14:03

Osirium Technologies makes good first-quarter progress

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday.

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9 May 2023 11:30

IN BRIEF: Osirium Technologies shares up amid new customer wins

Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was GBP2.0 million, up 25% from GBP1.6 million a year prior. Cash balance and debtor position at March 31 was GBP690,000. Based on previous years, expects to receive a research and development tax credit of around GBP600,000 before the end of the first half of 2023. Attributes "positive momentum" into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers.

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2 May 2023 14:57

UK shareholder meetings calendar - next 7 days

Wednesday 3 May 
Apax Global Alpha LtdAGM
Barclays PLCAGM
GSK PLCAGM
Hyve Group PLCCourt Meeting & GM re acquisition by Heron UK Bidco Ltd
Logistics Development Group PLCAGM
Okyo Pharma LtdGM re proposed cancellation of the ordinary shares of no par value
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Standard Chartered PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Mar 2023 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

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23 Mar 2023 11:46

IN BRIEF: Osirium Technologies shares plunge on widened annual loss

Osirium Technologies PLC - cloud-based cybersecurity and IT automation software vendor - Pretax loss widens to GBP3.6 million in 2022 from GBP3.4 million in 2021. Says the loss is due to expenditure returning to a more normal level. The main expenditure of the business reflects significant investment in headcount and activity levels in the business's sales, pre-sales, marketing and engineering departments, Osirium says. Revenue increases to GBP1.9 million from GBP1.5 million, in-line with recently upgraded market expectations. Total bookings jump 86% to GBP3.0 million from GBP1.6 million the year prior. Says its customer base increases by 46% in 2022, while over 70% of existing customers increase their range of services or number of licences.

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23 Mar 2023 10:41

AIM WINNERS & LOSERS: Zinnwald Lithium up on GBP19 million fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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9 Jan 2023 14:51

IN BRIEF: Osirium Technologies expects higher annual revenue

Osirium Technologies PLC - UK-based cybersecurity firm - Expects to report bookings and revenue for 2022 of at least GBP3.0 million and GBP1.9 million, respectively. These are up from GBP1.6 million and GBP1.4 million in 2021 and are in line with recently updated market expectations. Osirium's annual recurring revenue for December is GBP1.8 million, an increase of 28% over GBP1.4 million a year earlier.

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9 Jan 2023 12:34

Osirium Technologies ends year in line with upgraded expectations

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies said in an update on Monday that, subject to audit, it was expecting to report bookings and revenue for the financial year just ended of at least £3m and £1.9m, respectively.

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5 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Tuesday 6 December 
accesso Technology Group PLCGM re purchase of accesso shares
Brighton Pier Group PLCAGM
Croma Security Solutions Group PLCAGM
Gattaca PLCAGM
Greatland Gold PLCAGM
International Biotechnology Trust PLCAGM
MyHealthChecked PLCGM re proposed capital reduction
Rosslyn Data Technologies PLCAGM
Target Healthcare REIT PLCAGM
Wednesday 7 December 
Alternative Liquidity Fund LtdAGM
Agriterra LtdAGM
Alphawave IP Group PLCGM re share number amendment
Cornerstone FS PLCGM re approval of new shares
Europa Oil & Gas Holdings PLCAGM
Henderson International Income Trust PLCAGM
Volta Finance LtdAGM
Thursday 8 December 
Ashoka India Equity Investment Trust PLCAGM
Bioventix PLCAGM
Blackrock Greater Europe Investment Trust PLCAGM
Falanx Group LtdAGM
Fidelity Emerging Markets LtdAGM
Lok 'n Store Group PLCAGM
Netcall PLCAGM
Red Rock Resources PLCGM re signing of the arbitral award 
Upland Resources LtdAGM
Westmount Energy LtdAGM
YouGov PLCAGM
Friday 9 December 
Asia Dragon Trust PLCAGM
Associated British Foods PLCAGM
Boston International Holdings PLCAGM
Critical Metals PLCAGM
Doric Nimrod Air One LtdAGM
Doric Nimrod Air Three LtdAGM
Doric Nimrod Air Two LtdAGM
Frontier IP Group PLCAGM
Gelion PLCAGM
TechFinancials IncAGM
Monday 12 December 
Devolver Digital IncSGM re 2022 Long-Term Incentive Plan approval
Marwyn Value Investors LtdAGM
Osirium Technologies PLCGM re placing agreement with Allenby Capital
PCF Group PLCGM re proposed cancellation of trading on AIM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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